Founding Partner at 5Y Capital · Joined 2008
View Live Interactive Profile →Richard Liu joined the Morningside Group in 1999 after meeting co-founder Ken Shi at business school, and the two spun out their own fund in 2008 under the Morningside name, with the Chan family's blessing and backing as anchor investor. His defining bet came early: Liu was the first institutional investor in Xiaomi, a position that returned a reported 800 times its original investment once the smartphone maker went public in Hong Kong in 2018. He's now spent 11 consecutive years on the Forbes Midas List, with a portfolio spanning information technology, biotechnology, and consumer businesses including Xiaomi, XPeng, Kingsoft, and Horizon Robotics, and 5Y Capital under his leadership now manages $6 billion in global capital.